China has introduced a nationwide childcare subsidy program, which starts this year, as part of broader efforts to support families and encourage childbirth. The program will offer families 3,600 yuan (US$503) per year for each child under the age of 3. The subsidies will be exempt from individual income tax and will not be counted as household or individual income when identifying assistance recipients, such as those receiving subsistence allowances or classified as living in extreme difficulty | 